Wesdome Gold Mines (TSX:WDO) ROCE % : 52.15% (As of Dec. 2024)

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What is Wesdome Gold Mines ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Wesdome Gold Mines's annualized ROCE % for the quarter that ended in Dec. 2024 was 52.15%.

Wesdome Gold Mines ROCE % Historical Data

The historical data trend for Wesdome Gold Mines's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Wesdome Gold Mines ROCE % Chart

Wesdome Gold Mines Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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26.41

46.33

-0.15

-0.30

33.94

Wesdome Gold Mines Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															10.99	12.07	32.08	39.91	52.15

Wesdome Gold Mines ROCE % Calculation

Wesdome Gold Mines's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	207.47	/	( ( (618.956 - 89.115)	+	(746.654 - 53.883) )	/ 2 )
	=	207.47	/	( (529.841	+	692.771)	/ 2 )
	=	207.47	/	611.306
	=	33.94 %

Wesdome Gold Mines's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	343.28	/	( ( (684.736 - 61.062)	+	(746.654 - 53.883) )	/ 2 )
	=	343.28	/	( ( 623.674	+	692.771 )	/ 2 )
	=	343.28	/	658.2225
	=	52.15 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2024) EBIT data.

Wesdome Gold Mines (TSX:WDO) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Wesdome Gold Mines ROCE % Related Terms

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Wesdome Gold Mines Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Wesdome Gold Mines Ltd (TSX:WDO) » Definitions » ROCE %

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WDOFF:USA 0VOA:UK RKVA:Germany

Address

1, chemin Joubi, C.P. 268, Mines D'Or Wesdome Inc, Val D'Or, QC, CAN, J9P 4P3

Website

https://www.wesdome.com

Wesdome Gold Mines Ltd is a gold producer engaged in mining-related activities including exploration, processing, and reclamation. The company produces gold at the Eagle River Complex located near Wawa, Ontario from the Eagle River Underground, Kiena Complex and Mishi Open Pit gold mines. Activities of the group primarily function through Canada and it derives revenue from the sale of gold and silver bullion.

Executives

Robert Kristian Fitzgerald Kallio	Senior Officer
Rajbir Gill	Senior Officer
Anthea Ingrid Bath	Director, Senior Officer
Frederic Mercier-langevin	Senior Officer
Joanna Miller	Senior Officer
William Albert Washington	Director
Jonathan Nayan Singh	Senior Officer
Brian Neville Skanderbeg	Director
Lindsay Jean Maria Carpenter	Senior Officer
Heather Anne Laxton	Senior Officer
Stacy Kimmett	Senior Officer
Scott Lawrence Gilbert	Senior Officer
Miller Joanna	Senior Officer
Michael Julien Michaud	Senior Officer
Warwick Morley-jepson	Director

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